Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for January 2011

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

Carlsbad Real Estate Market Report for January 2011

Carlsbad-real-estate-market-report-January-2011

The Carlsbad real estate market continues to shift, and the statistics for January show a number of changes from the prior month. These data do not include any private sales nor manufactured/mobile housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed.

READ MORE: 

 Carlsbad Village by the Sea 

101 Things to do In and Around Carlsbad

Carlsbad California and Historic Route 101 - The Coast Highway

Media reports speak in general terms, so their information may not represent the reality of our local Carlsbad real estate market. Having data, and knowledge, about the local market conditions benefits you as the buyer or seller so you can make informed purchase and sale decisions. 

In January 2011 there were 76 Carlsbad homes sold (4 zipcodes), 33% less than in December. Here's the breakdown of overall activity. 

 

TOTAL HOMES

Detached

Attached

Number

76 (down 33%)

57 (down 25%)

19 (down 50%)

Days on Market

86

91

72

Average Sales Price

$609,323 (up 3%)

$700,452 (down 1%)   

$335,936 (down 4%)

Average Sale$ / List$

 

96%

96%

97%

The number of sales declined by 33%, perhaps not a surprise given the holiday season, with average prices decreasing slightly; Days on market remained roughly the same.

There were 82 properties (12% of the total) in Carlsbad at the end of January with the CONTINGENT status (i.e., homes with offers being reviewed for approval by short sale and REO lenders), 16 fewer than last month.

The overall inventory in the Carlsbad real estate market for the end of January (628 homes) rose for the 1st time in 5 months, by 5%. This represents an inventory of 6.9 months for attached homes (up from 6.2 months last month) and 5.5 months for detached (up from 4.6 months last month) based on the current rate of sales over the last 6 months.

READ MORE: How Important is Inventory when Buying or Selling? Very!!

In January the number of new homes coming on the market rose substantially, with more than twice as many homes (250) hitting the market (up 119%) as in December - given the holidays, this was not a surprise.  The number of homes going pending also rose, up 17% (120 pendings), which is encouraging news for sellers pricing their homes well.

This overview of the Carlsbad real estate market is based on information provided by the MLS. More details can be provided with regard to current activity as well as within the specific zip codes of Carlsbad.

READ MORE:

Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for January 2011

Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for November 2010

Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for October 2010

Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for September 2010

Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for August 2010

Carlsbad Homes for Sale | Carlsbad Real Estate Market Report for July 2010

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California San Diego County Carlsbad
Groups:
CALIFORNIA REAL ESTATE
Certified Residential Specialists
Local Expert
Market Updates
Posts to Localism
Tags:
carlsbad homes for sale
carlsbad real estate

Spam prevention
Show All Comments
Rainmaker
808,936
Anthony Stokes-Pereira
Better Homes and Gardens Rand Realty - Nanuet, NY
Realtor

Very detailed market report, I thank you for sharing

Feb 05, 2011 07:47 AM #1
Rainmaker
295,583
Terkel Sørensen
Real Estate Places - Temecula, CA
Realtor, 951.805.0773 , Bank owned and Short Sales

Thanks Jeff, this teport is so good I may have look at the format... ;-)

Feb 05, 2011 07:56 AM #2
Rainmaker
421,509
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Jeff, 

Love your market report and additional links.  Gorgeous picture isn't bad either:-)

All the best, Michelle

Feb 05, 2011 10:22 AM #3
Ambassador
4,424,386
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Anthony - you're welcome

Terkel - well some folks actually include colorful graphs and charts but I have not taken time to create them. I use the same format each month and just edit the Word doc as needed with new data.

Michelle - yeah, that's a nice view from the La Costa hills in Carlsbad

Jeff

Feb 05, 2011 10:37 AM #4
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
4,424,386

Jeff Dowler, CRS

The Southern California Relocation Dude
What's my Carlsbad CA Area Home Worth??
*
*
*
*

Additional Information